Futures regulator homes in on carbon markets

Regulators are looking to introduce standards and curb manipulation in a market that has operated without federal oversight. — Reuters

LONDON: The Commodity Futures Trading Commission (CFTC) is investigating greenwashing as part of its crackdown on fraud and misconduct in the voluntary carbon markets, a commissioner at the US regulator says.

The probe into false claims about the environmental benefits of carbon credits as well as the green credentials of financial products, comes as CFTC homes in on its first set of federal guidelines for voluntary carbon credit derivatives.